Memorandum Findings of Fact and Opinion
This proceeding involves deficiencies of petitioner for the taxable years 1952 and 1953 in the amounts of $6,132.14 and $1,442.89, respectively.
The sole issue is whether the amounts claimed as deductible rental expense for the use of the building occupied by petitioner in each of the taxable years is excessive for income tax purposes.
Findings of Fact
Petitioner is an Alabama corporation organized...
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